Kim Weeks' Blog
Selling a home rarely proves to be a simple, straightforward process. However, if you plan ahead for the house selling journey, you may be better equipped than other sellers to identify and address potential hurdles.
Now, let's take a look at three tips to help you plan for the home selling journey.
1. Identify Your Home's Strengths and Weaknesses
No home is flawless. Fortunately, if you allocate time and resources to analyze your residence, you can identify your house's strengths and weaknesses. You then can take the necessary steps to transform assorted home weaknesses into strengths.
Oftentimes, it helps to hire a home inspector before you list a house. A home inspector will perform an in-depth evaluation of your residence and help you identify any underlying property issues. Next, you can use a home inspection report to prioritize property repairs.
2. Price Your House Competitively
What you originally paid for your house is unlikely to match your home's current value. But if you define a "competitive" price for your residence, you could boost the likelihood of enjoying a successful house selling experience.
The definition of a competitive home price varies based on the current state of the real estate market, a house's age and condition and other factors. If you gather lots of data about the housing sector in your city or town, you can see how your residence stacks up against the competition. Plus, you can use this information to establish a price range for houses that are comparable to your residence and price your home accordingly.
It generally helps to account for recent home improvements when you list your house, too. For instance, if you recently replaced your house's roof, this upgrade could help you differentiate your home from the competition. It also may help you get the best price for your residence.
3. Upgrade Your Home's Exterior and Interior
Enhancing your home's curb appeal is crucial. If your house boasts a stunning front lawn, pristine siding and other great exterior features, buyers may fall in love with your residence as soon as they see it.
In addition, don't forget to maintain a neat, tidy home interior. By cleaning each room of your house and eliminating home clutter, you can show buyers your residence's full potential.
For those who are unsure about how to accomplish their home selling goals, you may want to employ a real estate agent. This housing market professional will take the guesswork out of the home selling journey and do whatever it takes to help you succeed.
Usually, a real estate agent works with a home seller and teaches him or her about the housing market. A real estate agent then implements a home selling strategy. And if a seller has concerns at any point during the house selling journey, a real estate agent is happy to respond to them.
Streamline the home selling journey – use the aforementioned tips, and you could reap the benefits of a fast, profitable house selling experience.
If a seller is motivated and your offer is the only one that comes in on a home for sale, you may have an easy time getting the home of your dreams. If there are multiple offers on a property, it’s a different story.
If there’s competition, it’s simple math that your odds in favor of you getting the home are reduced. You need something that will grab the seller’s attention. Writing an offer letter can be just what you need to sway the decision in your direction. Even if your offer is less than what other people have put on the table, an offer letter is a perfect way to get the attention of the seller.
What To Include
You may wonder what you should include in an offer letter. You’re charming the sellers in a way, but also giving them an opportunity to get to know you. If someone has lived in a home that they have loved for a long time, they’ll be happier knowing the next occupants will be just as happy living on the property.
What Do You Like About The Property?
You should include a lot of positive things involving the property and your ability to care for and maintain it. Tell the seller about the features you most love about the house. You should let the seller know that they hard work they have done over the years has paid off and you appreciate it. Do you like the skylights? Does a remodeled kitchen get your attention? Is the deck a great feature for you to entertain on? Let the seller know any and everything that enticed you to put an offer on the property in the first place.
Share Some Of Your Life
You don’t have to get overly personal or mushy, but you should include a bit about yourself and why you chose this property among the many you have seen. Maybe you grew up in the neighborhood. Maybe the home is perfect for your expanding family. Whatever the reason is for you to want this particular house you need to let the seller know.
In addition to personal details, you can include a pre-qualification letter, demonstrating your ability to afford the home. This helps sellers to feel comfortable with your financial background and continued upkeep of the property.
What Not To Include
While your plans for a property may be grandiose in your mind, don’t tell a seller what you plan to do with the proeprty in your offer letter. It’s nice that you want to update the kitchen, or re-do the bathrooms. It’s an insult of sorts to the seller so just omit these items. Keep your offer letter positive and brief and you may be well on your way to securing the property of your dreams.
When a loved one needs a bit more help to get around the house, whether they have simple physical limitations or rely on the use of a wheelchair, you’re going to need to make some major changes both inside and outside the home. You may be overwhelmed with the idea that you need to overhaul your entire home in order to make suitable accommodations. The good news is that you can boost safety around the property and make your home easier for you or loved ones to get around without huge renovation projects that will take months at a time. Below, you’ll find some of the most important projects that will need to be completed in order to make a home handicap accessible as well as safe and healthy.
Check The Doorways
If wheelchair use is part of the accommodation, you’ll need to check the width of the doorways. Some doorways may need to be modified in order for wheelchairs to move freely about the home. Widening doorways can cost anywhere between $500-$1,000 to complete depending on where the throughway is in the home.
Adjust The Showers
The safest way to make a shower handicap accessible to is make it a walk in tub or a wheelchair accessible tub. Depending upon the extent of the accommodations that are needed, you can go a cheaper route and install a bench seat in an existing shower. Hand rails can also be added to the tub for extra safety.
Think Of The Entire Bathroom
The simple addition of grab bars can make a big difference in the safety of a bathroom. Make sure that the bars are installed in easy to reach places. Also any supplies that are needed in the bathroom like soaps, shampoos, and toothpaste should be easy to reach. A toilet riser can also be considered to help people who have issues bending down in order to make the toilet easier to use.
Don’t Forget The Kitchen
The kitchen should be a place where accommodations for handicap individuals are definitely present. First, all supplies should be easy to reach. Next, appliances should be adjusted accordingly. Grab bars should also be installed in the kitchen to make safety a priority and accessibility easy.
Whether or not a disabled person uses a wheelchair, installing a ramp can make a huge difference in the home for a disabled individual. Converting stairways to ramps actually isn’t as expensive as you might think it would be, with costs starting at just $100 for a basic ramp. Custom ramps can run a bit more expensive- as much as $1,000. These make it easier for disabled people to get in and out of the home or around the inside of the home with ease. The total cost can vary based on the size of the ramp and the type of materials being used.
Mind The Floors
To make a home handicap accessible, thick carpets should be removed. Any types of flooring that make it hard to maneuver a wheelchair or walker should be modified.
If buying a home is something you’re considering, you might be curious about the different types of mortgages that are available to you. After all, the interest rate on your loan could have a huge impact on your finances over time, saving you thousands of dollars.
In today’s post, I’m going to demystify the home loan by explaining the most common types of mortgages. That way, you’ll be able to approach a lender with a bit of context and knowledge to help make the best mortgage decision for you and your family.
The most common types of home loans in the United States today are fixed-rate mortgages. A fixed-rate mortgage has the benefit of stability in terms of its interest rate--year after year, or the lifetime of your loan, you know exactly what percent of interest you’re going to pay.
Fixed-rate mortgages most frequently come with repayment terms of 15 or 30 years. However, some lenders offer different repayment periods.
As with any debt, paying off a mortgage in a shorter term typically amounts to paying less interest over the lifespan of the loan. For this reason, buyers who can afford higher monthly mortgage payments often opt for a 15-year fixed-rate mortgage.
If you can’t afford higher monthly payments, a 30-year loan will typically have lower mortgage payments, but at the expense of paying more interest over the life of the loan.
The 30-year option is the most often in the United States, where first-time buyers typically have too many other monthly bills to afford a high mortgage payment.
Adjustable-rate mortgages (ARMs) were once an ideal option for first-time buyers who could purchase a home at a very low interest rate and then refinancing once that rate was set to rise. However, after the housing crisis of 2007, trust in the housing market drastically declined.
In recent years, ARMs have begun to make a comeback. However, they currently still only account for around 5% of home loans.
Adjustable-rate mortgages come with one important advantage and one huge disadvantage over fixed-rate mortgages. The upside is the ability to borrow money for a home at a lower interest rate than other mortgage types. The down side? Your interest rate isn’t locked in for the length of the loan, meaning your rate could, in theory, rise dramatically before you sell or pay off the home. This is exactly what happened to borrowers during the subprime mortgage crisis.
There are a number of special loan programs that have been sponsored by the government over the years. Among them are USDA rural development loans, VA loans for veterans and their spouses, and FHA loans offered by the Federal Housing Authority.
All of these loans make it easier to buy a home with little or no down payment or a credit score that’s less than perfect. That makes these options great for first-time homeowners.
Getting a cat, dog or other pets ready for an upcoming move sometimes can be tricky. Fortunately, we're here to help you and your pet enjoy a quick, seamless transition to a new address.
Now, let's take a look at three moving tips that every pet owner needs to know.
1. Prepare Your Pet's Records
If you're moving far away from your current address, you likely will need to find a new veterinarian in the near future. As such, it pays to prepare your pet's records today to avoid potential problems down the line.
Ask your current veterinarian for a copy of your pet's records. By doing so, you'll have these records readily available for your new veterinarian once you reach your new address.
2. Help Your Pet Manage Stress
Moving is stressful, even for a pet. However, there are many simple ways to help your pet alleviate stress throughout the moving process.
For example, keeping your pet away from movers may prove to be exceedingly valuable. If a pet sees familiar furniture and other items leaving your home, he or she may start to feel worried. On the other hand, spending extra time with your pet while movers pick up your belongings may help you pet minimize stress on moving day.
3. Protect Your Pet While Traveling
Keep your pet in a crate while you're driving to your new home – you'll be glad you did. It is unsafe for your pet to roam free in your car, especially if you're going to be on the road for several hours. Conversely, if you keep your pet in a crate, you'll help him or her remain safe for the duration of your journey.
If you are traveling by airplane, ensure your pet has met all necessary airline requirements. In addition, pick up a pet crate and consult with a veterinarian before your flight.
For those who need extra assistance with navigating the moving process, it often helps to work with a real estate agent. In fact, this housing market professional can help you and your pet overcome myriad moving day pitfalls.
A real estate agent can offer expert insights into what it takes to move with a pet. He or she also can provide comprehensive support as you prepare for a move and respond to any moving day concerns or questions that you may have.
Of course, a real estate agent can help you buy or sell a house as well. For homebuyers, a real estate agent can provide details about homes located near dog parks and other pet-friendly venues. Meanwhile, for home sellers, a real estate agent will make it easy to generate plenty of interest in your house so that you can get the best price for it.
Are you and your pet ready to move? Use the aforementioned moving tips, and you and your pet should have no trouble completing a successful relocation.